Place/Date: Singapore - May 20th, 2018 at 11:42 pm UTC · 3 min read
Contact: Ms. Urvi Babla, Source: TrakInvest
TrakInvest, a virtual trading platform headquartered in Asia that has tokenized academic certifications, reputation systems, and trading data ownership, today announced that it plans to migrate the TrakInvest platform to Hedera hashgraph.
TrakInvest has been focused on providing online certifications, upskilling programs, and job opportunities through its partnerships with universities, corporations and governments.
One of the key projects TrakInvest will leverage Hedera hashgraph for is the Digital Certifications Program (“DCP”), which will create the processes and infrastructure to bring academic certifications for Asian institutions on a public distributed ledger.
Bobby Bhatia, Founder & CEO of TrakInvest commented:
“We are very proud to be working with Hedera hashgraph on a number of initiatives. We believe Hedera will provide the best in class platform and technology solution for TrakInvest to execute its current and planned product offerings including certifications, Trak AI prediction tools, and financial products,”
TrakInvest’s “learn, share, earn” business model is based on empowering the retail investor by bringing the concept of track records and transparency to the investment model and providing institutional grade analytical and AI tools to enable better decision making.
One of the key features in the TrakInvest Platform is the “TRAK” feature, which allows users to follow / share their real-time trading data with fellow users for a fee.
Hedera hashgraph’s ability to process hundreds of thousands of transactions per second makes it an ideal choice for platforms dealing with micropayments and other high-volume transactions.
TrakInvest’s AI Engine tool is set to launch in August 2018 and focuses on unlocking crypto market insights from heterogeneous market data. The three key initiatives in the TrakInvest AI Engine include TrakInvest Knowledge Graph, Sentiment Engine and Continuous Learning.
The diversity, volume, speed, and veracity related challenges make it impossible for a retail investor to derive useful trading insights out of heterogeneous datasets in a timely manner. Using TRAK tokens, users will be able to access TrakInvest AI Engine to gain superior insights and make more informed investment decisions.
Solving pain points and continuous delivery of value to customer is key to scaling any business.
Migrating the TrakInvest platform to Hedera hashgraph is expected to provide never-before-seen benefits for existing users and our partner institutions including significant improvements in throughput, security, and transaction costs. The Hedera hashgraph public ledger will address a number of the existing DLT constraints related to speed, fairness, cost and security.
Edgar Seah, Head of Asia Pacific for Hedera
“TrakInvest’s idea to become a global trading resource built on distributed ledger technology is innovative. Increasingly, organizations and applications want to use Hedera because of its speed, fairness and security. We will enable developers to build a new class of distributed applications never before possible, and are excited that TrakInvest has selected Hedera as its platform of choice.”
TrakInvest is world’s 1st virtual social trading platform powered by a proprietary AI engine. TrakInvest is headquartered in Singapore with operations across Thailand, Hong Kong and India. It has been operating since 2014 with 100,000+ users across Asia.
Disclaimer TrakInvest is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.